Cardero Resource Corp

TSX closes in the red, May 25-29

Concerns of a shrinking economy drove Canada’s main stock index down 1.2% to close at 15,014.09. The S&P/TSX Capped Diversified Metals & Mining Index decreased 2.7% to 727.52, and the S&P/TSX Global Mining Index retreated 1.7%…

U.S. markets, Aug. 5-9

U.S. stocks ended the Aug. 5–9 trading week lower with the Dow Jones Industrial Average slipping 1.5% or 232.85 points to 15,425.51 amid ongoing speculation about when the Federal Reserve will start tapering off its stimulus program. 

Analysts flag Cardero’s low cash flow

Cardero Resource’s (TSX: CDU; NYSE-Arca: CDY) largest shareholder, Luxor Capital Group, is offering to restructure its existing loan and even take over the company to dissuade Cardero from completing a debt financing with new lenders…

The company's manager of community relations Karina Yavar (left) talks to a geologist at the Bob 1 camp site in Peru.

Cuervo jumps back into action in Peru

CUZCO, PERU — Iron ore explorer Cuervo Resources (FE-C) may be on to something big as it drills off the Bob 1 zone, one of the two large targets on its flagship Cerro Ccopane iron ore property in southern Peru.

RCMP investigates Cardero’s activities in Ghana

Despite promising early results from its Sheini iron ore project in Ghana, Cardero Resource (CDU-T) could be facing a few legal headaches.The Royal Canadian Mounted Police (RCMP) has launched an investigation into how Cardero won the…

Cardero’s share of Carbon Creek at $752M NPV

Vancouver – Cardero Resource (CDU-T) has released a preliminary economic assessment on its 75%-owned Carbon Creek metallurgical coal project in Northeast British Columbia only months after securing majority ownership of the project.

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